The Cost Of Poverty

Poverty is expensive. Neal Peirce looks at "predatory fiscal devices" that trap millions of low-income Americans.
April 18, 2004, 1pm PDT | Abhijeet Chavan | @legalaidtech
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"Poverty is not just miserable, it's actually expensive, the Annie E. Casey Foundation asserts in its "KidsCount" report...Some of the conditions can't be fixed quickly -- food prices up to double suburban rates in some inner cities that have been deserted by supermarkets, for example. Or rents so high that more than 5 million families are now obliged to spend over half their entire incomes for shelter.
But there's a depressingly long list of predatory fiscal devices that have ballooned in number since 1990. Collectively, they're ripping off low-income America, trapping millions of poor Americans in permanent, high-cost indebtedness."

Thanks to Abhijeet Chavan

Full Story:
Published on Sunday, April 11, 2004 in The Washington Post Writers Group
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